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Detroit casinos continue 2019 upward revenue trend during May
June 11, 2019
Detroit, June 11, 2019 - The three Detroit casinos reported $125.7 million in aggregate revenue during May for a fractional 0.9 percent year-over-year increase from May 2018. May revenue was a fractional 0.6 percent higher than April results. The casinos' year-to-date aggregate revenue was 1.5 percent higher than in the first five months of 2018.
Compared with May 2018, monthly revenue for MGM was up 0.1 percent to $54.4 million, MotorCity revenue increased a fractional 0.9 percent to $41.9 million and Greektown revenue rose 2.4 percent to $29.4 million.
May market shares were:
- MGM, 43 percent
- MotorCity, 33 percent
- Greektown, 24 percent
During May, the three Detroit casinos paid $10.2 million in gaming taxes to the State of Michigan compared with $10.1 million during May 2018.
The three Detroit casinos reported submitting $14.97 million in wagering taxes and development agreement payments to the City of Detroit during May.
"The Michigan Gaming Control Board shall ensure the conduct of fair and honest gaming to protect the interests of the citizens of the State of Michigan."